How to open a shop in Dubai?

Dubai has established its name as the financial, business and commercial, trade center of the Middle East, by becoming one of the GCC’s rapidly growing economies, due to its helpful business atmosphere and well-informed investment decisions. Ideally, setting up a shop in Dubai is quite a promising idea. Shops in the retail, beauty salon and restaurant domains are the most widespread in Dubai and each has its set of requirements and procedures. Nevertheless, what are the general steps of opening a shop in these fields?

·         Retail Shop

With the Dubai shopping festival and other similar events - opening a shop in Dubai could be a very profitable business. It is mandatory to obtain the support of a local partner having not less than 51% of share in the business. For the commercial license to be issued, some documents have to be submitted to the DED in Dubai and the UAE federal ministry of Economy:

Ø  An application with the company's name mentioned in English and Arabic.

Ø  The original lease contract for the registered address of the company.

Ø  The permit issued by the Dubai Municipality Building Department clearing the use of storage space as a business address for the retail store.

Ø  Payment proof of trade license issuance fee Shop on Rent Hiring a shop for rent also comes with certain series of permissions required to get from different governmental bodies.

After going through the outline and the main frame for the steps and what is needed to open a shop in Dubai, learn more with the assistance of IBG veteran consultants and make the best decisions for a UAE business setup. Join the parade of success and thrive with the budgeted and time-efficient consultancies.

How do offshore companies work?

Offshore companies are the safe, secure, and the most cost-effective solution for across the border business setup. It guarantees secrecy, privacy and anonymity with in a legal entity, which enjoys legal privileges. Business owners or entrepreneurs that pursue private, supportive, the most profitable climate to operate their international business need to understand the process of offshore company formation and what benefits that type of formation bestows on their businesses.

Offshore company setup, particularly, means that the business owner could register a company on a state with no need to own premises, disclose the details of the owners nor get into legal conflicts. It permits the owner to conduct businesses internationally except for the state where the company is registered. It merits the owner with 100% ownership rights.

Offshore company also offers an abundant number of benefits including:

• Low Taxation
  With this type of company formation, owners and stakeholders enjoy very low taxation rate encouraging them to conduct various business activities within the most profitable legal taxation atmosphere.

•   Legal separation permission
  This business entity type permits asset protection provision through the availed separation between the company secured assets and the company creditors.

• Possessions immunity.

• Multiple currencies banking provisions and banking support
  Many states and sovereigns avail flexible banking services including corporate bank accounts creation and multiple currencies availability.  

• Physical presence of the investor is not required for the registration process.
  This type of business formation has created a legal and ethical method for starting a business without multiple financial obligations for business owners and entrepreneurs.